9,154 Shares in NetApp, Inc. (NASDAQ:NTAP) Acquired by Jump Financial LLC

Jump Financial LLC bought a new stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,154 shares of the data storage provider's stock, valued at approximately $1,063,000.

Other institutional investors also recently modified their holdings of the company. Bridgewater Associates LP grew its stake in NetApp by 12.9% in the 4th quarter. Bridgewater Associates LP now owns 14,788 shares of the data storage provider's stock valued at $1,717,000 after buying an additional 1,689 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of NetApp in the fourth quarter valued at about $8,906,000. Canada Post Corp Registered Pension Plan bought a new position in NetApp during the fourth quarter worth about $432,000. Promethos Capital LLC grew its position in shares of NetApp by 2,693.9% during the 4th quarter. Promethos Capital LLC now owns 23,273 shares of the data storage provider's stock worth $2,702,000 after purchasing an additional 22,440 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in NetApp during the 4th quarter worth $458,000. Institutional investors and hedge funds own 92.17% of the company's stock.

NetApp Stock Performance

NetApp stock traded up $0.31 during mid-day trading on Friday, reaching $88.48. 979,611 shares of the stock traded hands, compared to its average volume of 1,928,161. The stock has a market capitalization of $18.00 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $135.45. The business's 50-day moving average is $93.51 and its 200-day moving average is $111.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Friday, April 4th were issued a $0.52 dividend. The ex-dividend date was Friday, April 4th. This represents a $2.08 dividend on an annualized basis and a yield of 2.35%. NetApp's dividend payout ratio is presently 38.52%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NTAP shares. StockNews.com cut NetApp from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Loop Capital dropped their target price on shares of NetApp from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Wells Fargo & Company decreased their price objective on shares of NetApp from $130.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Barclays cut their target price on NetApp from $132.00 to $115.00 and set an "equal weight" rating for the company in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of NetApp from $153.00 to $113.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, NetApp currently has an average rating of "Hold" and a consensus price target of $125.07.

Insiders Place Their Bets

In other news, CEO George Kurian sold 8,500 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $81.83, for a total transaction of $695,555.00. Following the completion of the transaction, the chief executive officer now owns 249,765 shares in the company, valued at $20,438,269.95. This trade represents a 3.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael J. Berry sold 12,500 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $120.74, for a total value of $1,509,250.00. Following the completion of the sale, the chief financial officer now owns 123,243 shares in the company, valued at $14,880,359.82. This represents a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,176 shares of company stock worth $5,095,701 in the last three months. 0.47% of the stock is owned by company insiders.

NetApp Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.